Uncategorized
INSS: Payroll rate for retirees is reduced by 1.7% in 2023
The National Social Security Council approved the cut in interest charged for taking out INSS loans.
Advertisement
The National Social Security Council approved the cut in interest charged for taking out loans for INSS retirees and pensioners. Thus, the interest ceiling on conventional loans will fall from the current percentage of 2.14% am to 1.7%. Out of 15 votes, 12 were in favor of the change and 3 votes were against.
The interest ceiling on transactions carried out by credit card was also changed, from 3.06% to 2.6% per month. The measure was considered essential for reviving the market and taking out new loans, now with a more attractive rate compared to the 13.75% of the current SELIC.
However, to come into force, the new rates depend on the publication of a normative instruction in the Official Gazette of the Union. According to the Ministry of Social Security, the new instruction must be published on Wednesday, the 15th.
Decision was celebrated by the minister
The Minister of Social Security, Carlos Lupi (PDT) celebrated the decision on his Instagram account saying that: “lowering interest rates is the flag of our government“. Lupi ended by saying “As far as the Ministry of Social Security depends, we will always be willing to help“, showing support for the measure.
The reduction was proposed by the Government and was approved, after studies by the CNPS, which is made up of representatives of the Government, retirees, companies and workers.
It is important to highlight that only new contracts will benefit from the new defined interest limit. Old contracts remain with the old tracks.
The INSS payroll loan
The INSS payroll credit is aimed at retirees and pensioners and the amounts are deducted directly from the beneficiary's payroll. Therefore, credit is considered less risky, as the money is charged directly at the source
Currently, there are 8 million retirees and pensioners with an active payroll loan contract and around 1.8 million have already committed to the credit use limit of 45% of the beneficiaries' income, according to the Ministry of Social Security.
João Inocentini, president of Sindnapi (National Union of Retirees) of Força Sindical, said that the banks' proposal was to maintain a slightly high rate, rising to 2.04% per month. Inocentini believes that the sudden drop in rates could mean that smaller banks are unable to operate the credit modality.
“I think we have to carry out calculations so that [smaller] banks continue offering, because the impact is very big. Those who need it most will have difficulty. It is necessary to lower the rate, because these are the ones who go to the favela, the countryside, the hinterland to make the consignment.”
Now a working group is about to be formed to discuss the fees that institutions pay for the payroll loan operation.
More news on the portal: ☕ CoffeePost:
About the author / Tiago Menger
Trending Topics
Bolsa Família: Bonus of R$ 200 will go down for everyone?
In May's Bolsa Família, all insured people will receive an income supplement of R$ 200. This measure was determined in March.
Continue lendo13th of the INSS: When will the statement with the value of the first installment be released?
Retirement holders, temporary incapacity benefit, death pension, accident benefit and incarceration benefit receive the 13th INSS benefit.
Continue lendoBolsa Família: Fine-tooth comb excluded 5 million single-parent families from CadÚnico
The Bolsa Família fine-tooth comb process is already making cuts. This is said because at least 5 million families were blocked.
Continue lendoYou may also like
INSS: February calendar starts on the 17th; See the dates
The INSS recently finalized the first pension payments, for the month of January, for more than 37 million insured people.
Continue lendoINSS: Late payment can result in good money; R$ 1 billion is released
In January, the Court released another batch of INSS arrears payments. The values refer to legal proceedings opened by the insured.
Continue lendoBolsa Família: February calendar is published by Caixa; See the dates
The second Bolsa Família payment schedule began on February 13th. This year's second round of payments should reach 21.9 million families
Continue lendo